One News Page: Marsh & Parsons launches new office with nought commission
Wed 09 Jan 2013
Marsh & Parsons launches new office with nought commission
London agent Marsh & Parsons has opened its 17th office.
In true Foxtons style, the firm will be offering the first 100 customers in the new South Kensington office a 0% sales fee in the first three months. In that pricey area where the heavyweight competition includes Foxtons itself, the average saving for sellers would be not inconsiderable, around 27,000.
Peter Rollings, chief executive of Marsh & Parsons, said of the latest opening: This is part of our planned expansion strategy, and we hope to continue to broaden our network in central London in the next year.
The 1,700 sq ft office in Harrington Road has undergone a 350,000 refurbishment, and will boast a high-tech media wall.
The office will initially be staffed by six Marsh & Parsons employees, but the number is expected to grow to 18 in the long term.
The branch will be run by William Hughes-Ward, who has 12 years experience working in the prime central London property market, seven of them with Marsh & Parsons.